News

SPRING VALLEY, NY (The Journal News) — The former Temple Beth El property on Viola Road has been sold to the United Talmudical Academy of Monsey, a Satmar organization. The property at 415 Viola Road in the unincorporated section of the Town of Ramapo was auctioned off in June. More than 100 prospective buyers expressed interest in the 32,000-square-foot building on a 5.6 acre lot, and four bidders filed their bids at or above $8 million, said Joshua Olshin, managing partner for AuctionAdvisors, which administered the auction. The winning bid, $9.196 million, was "very far in excess of expectation," Olshin said.

NEW JERSEY (Journal of Corporate Renewal) — AuctionAdvisors' Managing Partner and Co-Founder, Oren Klein, was featured in JCR Magazine September Issue. With more than 16 years of auction experience, he is responsible for auction sales and client management throughout the United States. In this Q&A style interview, Mr. Klein disucsses his experiences in the auction industry.

BROOKLYN, NY (Crain's New York) — James McGown, a notorious Brooklyn landlord, saw much of his real estate empire dismantled Tuesday when several of his properties were sold in a series of street-side auctions by AuctionAdvisors. The auction was very successful, a three-story building at 320 Court St. in Carroll Gardens, sold for $4.95 million. Other McGown buildings sold Tuesday: a four-story walk-up at 300 Van Brunt St. in Red Hook, which sold for $1.88 million, and two four-family apartment buildings at 555 and 557 Union St. in Gowanus that have been vacant for several years due to structural problems, which fetched a total of $3.7 million.